Constellation Energy (Ondo Tokenized Stock) vs SpaceX (bStocks Tokenized Stock)

SpaceX (bStocks Tokenized Stock) (SPCXB) is 255.7× the size of Constellation Energy (Ondo Tokenized Stock) (CEGON) by market capitalisation. Over the past 90 days, SPCXB is ahead by 23.3 percentage points (CEGON +4.8% against SPCXB +28.2%). Their daily returns move barely together (correlation 0.18 across 109 shared trading days). SPCXB has been the more volatile of the two, at 71% annualised against CEGON's 44%.

Correlation: 0.18
Size ratio: 1 : 255.7
Ahead over 90 days: SPCXB

Constellation Energy (Ondo Tokenized Stock)CEGON

$260.7800

24h: +0.43%
Market cap: $764,909
Volume 24h: $156,223
Volatility (ann.): 44%

SpaceX (bStocks Tokenized Stock)SPCXB

$132.9200

24h: -3.48%
Market cap: $195.62M
Volume 24h: $53.04M
Volatility (ann.): 71%

CEGON 0.4%Share of the two combined market caps99.6% SPCXB

Performance

CEGONSPCXB

7 days-0.79%-5.60%CEGON
30 days-5.82%-11.42%CEGON
90 days+4.84%+28.18%SPCXB

Correlation

0.18over 109 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: -0.0190d: 0.151y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	CEGON	SPCXB
Max drawdown (400d)	-29.7%	-47.5%
Risk-adjusted return (90d)	0.14	0.45

Relative strength over 90 days: CEGON outperformed SPCXB by 23.6% — measured on the CEGON/SPCXB ratio, so it holds regardless of market direction.

Constellation Energy (Ondo Tokenized Stock) →SpaceX (bStocks Tokenized Stock) →